New Preferential Import Scheme

14 November 2012

The EU introduced the new Generalised System of Preference (GSP) on 31 October in Regulation 978/2012.  This regulation replaces the current system for imports made after 1 January 2014.  This delay in implementing the new agreement gives businesses time to adapt to the new regime

The new scheme:

  • Reduces the number of countries that can benefit from preferential duty rates under GSP
  • Increases the scope of products falling within the preference system, with the addition of 23 new tariff lines
  • Increased the level of duty rate reductions
  • Provides more support for countries which are serious about implementing human rights, labour rights and environmental conventions
  • Lengthens transitory measures excluding beneficiary countries
  • Introduces new specific safeguard provisions to reduce the abuse of the scheme

The majority of countries excluded from GSP will fall within other preferential trade agreements with the EU.  However, the following countries are excluded from the new agreement because of their economic strength:

  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • UAE
  • Oman,
  • Brunei
  • Macao
  • Argentina
  • Brazil
  • Cuba
  • Uruguay
  • Venezuela
  • Belarus
  • Russia
  • Kazakhstan
  • Gabon
  • Libya
  • Malaysia
  • Palau

We strongly recommend our clients review the scope of this new Regulation to analyse the impact on its import costs.  Please contact us if you need any assistance with this process.

Browse Articles

By Category
Anti Dumping Classification Duty Relief General Origin Valuation
By Tag
By Date
2016 2015 2014 2013 2012 2011 2010 2009

Mailing List

To stay abreast of important news and announcements, join our monthly mailing list.


About Us

We established ITS back in 2001 on the principle of delivering clear and measurable value to the highest professional standards, something that I feel passionately about to this day.

Find out more

What We Do

We understand that you are having to do more with less resulting in long to-do lists, urgent deadlines and a growing pile of projects which could add value if you only had the time.

Find out more

Latest News

From the four building blocks (Origin, Classification, Valuation and Duty Reliefs) to Senior Accounting Officers and their responsibilities and the introduction of AEO.

Latest News